Spotlight on DoorDash: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bullish move on DoorDash. Our analysis of options history for DoorDash DASH revealed 21 unusual trades.

Delving into the details, we found 42% of traders were bullish, while 42% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $193,605, and 18 were calls, valued at $955,611.

What's The Price Target?

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $195.0 for DoorDash during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for DoorDash's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of DoorDash's whale trades within a strike price range from $100.0 to $195.0 in the last 30 days.

DoorDash Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About DoorDash

Founded in 2013 and headquartered in San Francisco, DoorDash is an online delivery demand aggregator. Consumers can use its app to order food items on-demand for delivery or in-store from merchants. Through the acquisition of Wolt in 2022, the firm also provides this service in Europe and Asia. DoorDash creates a marketplace for merchants to establish a presence online, market their offerings, and meet demand through delivery. The firm provides similar service to nonrestaurant businesses, such as grocery, retail, and pet supplies. Dash is also rolling out nascent technology like drone delivery in an effort to continually innovate and provide the best possible service to supply-side and demand-side contingents of its marketplace.

Having examined the options trading patterns of DoorDash, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Current Position of DoorDash

• With a trading volume of 4,132,459, the price of DASH is down by -2.57%, reaching $173.51.
• Current RSI values indicate that the stock is may be approaching oversold.
• Next earnings report is scheduled for 51 days from now.

Professional Analyst Ratings for DoorDash

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $239.0.

Turn $1000 into $1270 in just 20 days?

20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from B of A Securities has decided to maintain their Buy rating on DoorDash, which currently sits at a price target of $245. * An analyst from Evercore ISI Group has decided to maintain their Outperform rating on DoorDash, which currently sits at a price target of $240. * Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $240. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for DoorDash, targeting a price of $235. * Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on DoorDash with a target price of $235.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest DoorDash options trades with real-time alerts from Benzinga Pro.